Thursday, June 29, 2017 12:15:49 PM
One of the most diversified companies in the world is General Electric Company (NYSE:GE). Recently, the stock price jumped higher after a new CEO was announced, but since that spike in the share price the stock is now starting to retreat lower again. Today, the price of GE stock is trading around $27.00 a share.
Many traders and investors may think the stock is on sale since declining from its recent peak of $29.24 made on June 12, 2017. Unfortunately, this stock has lower to go before finding a solid trade worthy bottom. Traders and investors should now look for the stock to trade down to the $25.90 area. This is a level where the stock broke out of a two year trading base. Very often, These bases will serve as major institutional chart support when retested. This is the reason why the stock charts are more important than the news.
Nicholas Santiago
InTheMoneyStocks
Recent GE News
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
